Index

• Author: Vern Krishna
• Profession: Professor of Common Law, University of Ottawa Barrister at Law
• Pages: 718-746

718

INDEX

Abusive tax avoid ance, 46, 187, 215, 470,

477, 479, 482, 483, 484, 487n, 492,

493, 506, 510, 597–609

Abusive tran sactions, 109, 482, 483, 487,

489–93, 494, 497, 508, 509, 567.

See also General A nti-Avoidance

Rule (GAAR), immunity from,

abusive transactions

Accounting

basic income ta x, 650–67

accounting metho ds, 650–55

accru al, 652–53

cash, 651–52, 653

completed contract, 651

conformit y of, 659–63

generally accepted account-

ing principle s (GAAP),

use of, 659– 61

income, truer pict ure of,

661– 63

general, 650

holdback payment s, 653, 666

instal ment sales, 650–51

modified accr ual, 653

net worth asse ssments, 654–55

accounting per iod, 650

income reali zation and recogni-

tion, 658–59

income, timi ng of, 665–67

payments i n advance, 665

receivables, 665 –66

non-arm’s length t ransactions,

663–6 4

concepts of, 630–31

going concern as sumption, 631

historica l cost accounting, 630–31

stable dollar va lue, 631

financia l statements, 639–44

income, measure ment and timing of,

633 –39

accrual accou nting, 636–37

conservat ism, 639, 648

matching revenue s and expenses,

637–38, 6 46

realiz ation of gains/losse s, 633–34

recogniti on

gains/ losses, of, 634–35

revenue, of, 635–36

methods of, 64 4–49

accounting adjust ments, 647–49

cash vs accr ual accounting,

644 –46, 651

oth er, 649 –50

revenue recognition , tests for, 647

time inter vals between statement s,

644

Index 719

principles of, 628 –30

generally accepte d accounting

principles (GAAP), 628, 629,

631, 655–65 8

tax law and , 632–33

Accrued intere st, 234

Active busine ss income, 18, 36n, 169,

172n, 387, 412, 435, 436, 437–39,

448, 449, 461, 462, 489

business v s investment income, 438

incidental bu siness income, 438–39

presumptions, 437

Adjusted cost bas e (ACB)

capital proper ty, of, 236, 262–63, 272,

273, 275–80, 281, 282, 283, 290n,

361

cost base, adjust ments to, 278–79

land, acquis ition of, 278

stock dividend a nd options,

279

deemed adjusted cost b ase,

276– 78

Canadia n resident, becoming,

277

change of use, 276

conversions, 277

dividends i n kind, 277

identical proper ties, 276

lottery pri ze, 277

non-arm’s length t ransactions,

277

options, 277

stock dividend s, 278

negative adjusted cost b ase, 279

part disp ositions, 279–80

defin ed, 275

shares, of, 147, 420, 421, 463, 464

Administrative processes, 513–79

filings, as sessments and related

issu es, 515–79

Advance tax r ulings, 566– 68

discretion, 5 67

general, 566–67

procedure, 567

status of ru lings, 567

technical i nterpretations (TI), 568

Advances and loa ns, taxation of, 139

Advertising expenses, 196

Aggregate inve stment income, 460– 61

presumptions, 461

specified inve stment business, 461

Allowable busine ss investment losses

(ABI L), 293–94, 358–59

deemed dispo sition, 294

small busi ness corporation, 293–9 4

Allowances

reserve s and, 657, 665, 667–72

taxation of, 138

Alternat ive minimum tax (AMT), 384

Anti-avoidance r ules, 16, 23, 107, 109,

296, 364–6 6, 441, 469–512, 663.

See also General A nti-Avoidance

Rule (GAAR)

capital gain s exemption and

type A convers ions, 365

type B convers ions, 365–66

non-arm’s length t ransactions,

663–6 4

Appeals. See Objection s and appeals

Arbitration awa rds, 335

Art, works of

adjusted cost bas e (ACB) of, 281

capital cost al lowance and, 248–49

proceeds of di sposition (POD) of, 281

Artist s, income of, 125

Assess ments, income tax return s, of,

526 –31

changes, subs equent, 527

general check, 526

judicial rev iew of, 528

losses, deter mination of, 530

minister ial delay, 526–27

net worth asse ssments, 528–30,

654 –55

method applied, 529

validity of, dee med, 529

usage of, 528

quick asse ssments, 526

validity of, dee med, 527–28

Attribution r ules, 107–17

artificial transactions, 116

corporate shar es owned by minors,

445– 46

corporations , transfers/loan s to,

115–16

general, 107–9

indirect pay ments, 109–12

loans, intere st-free or low-interest,

111

minors, tra nsfers/loans to, 112